Subordination Agreement 1989-0602441.;7
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~ F~CORDING REQUESTED BY:
THE CITY OF POlI,<Y
89FEB -3' AWi8ilO
I VEF:A L. LYLc;_ I
. ~OUNTY RECQRD~
WHEN RECORDED ~!AIL TO:
'Nd)~OZi1
THE CITY OF ?OHAY
P.O. BOX, 789
POIIAY, CALIFO?JUA
92064
NOfEf
THIS SPACE FOR RECORDERS USE
SUBO?~INATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
September 30, 1986 recorced in the Office of the County Recorder of San Diego
County O~t-nhpr 1 1 qfj(; , File No. 86-445118 , and as owner and holder of the
obligations thereby secured does hereby make subjectaild subordinate the lien~ thereof
to' the Easement: granted by RRRMIIN TNVF.S'PMENT GROUP, INC., a Callfornla
corporation
to THE CITY OF POHAY, it beirrg understood and agreed that: foreclosure of said Deed of
Trust shall not affect, defeat or render invalid any rights under and by virtue or
said easement, and said ease~ent shall be par2IDount and superior to the rights or
any purchaser. under a foreclosure of said Deed -or Trust.
Said ease~ent was
the real property
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recorded j"-nu"-"" Ol,L., I~~"l
described in said Deed or
, File No. 0'-1 :'5'11
Tr~st .
1 and affec.t:s
The undersigned Beneficiary of said Deed of Trust dccl~res ~nd ac~~o~ledges that it
hereby intencionally waives" relinquishes, and subordinates the priorities ~nd
superiorities of the lien and. charge of said Deed of Trust upon the land described
therein in favor of said easement, and 'that it understands that in reliance upon an4
i['1 conside.ration, of this '..;aivec, relinauish.-::ent, and subordin.J.tion speci.~ic I::onetary
and other obligations Yill be entered into by Third Part~es ~hic~ ~ould not ~~ made
or entered into but for said reliance and the execution ~y Beneficiary of this wai~ei5
relinquish~ent, 2nd subordi~ation.
Dated:
3'"
ZEBRON COATINGS NEDERLAND
B.V" a Netherlands
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::OTt:: "-l.L SIG::ATt.:,,:::S :-!UST ~E ACK;:O:,1.EDGm
~:OTA..'1.I:::S: Use proper foc;:} .:1tt.J.cned
or st~plc 3pprapri3tc
for:;, thereto.
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1253
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Official Lega1'i zation
Seen for legalization of the foregoing signatures, recognized
in! 9'u'rpres'ence,i given by
.M!:,,, ciiiil'ii16 Andina, born 22.06.29, Swiss citizen of Croglio TI,
'residing. Himmelrich 11,6340 Baar, and
'Mi,:~',-Ni'c:h61as Dale, born 1 1.10.52, Br itish, residing Allmend-
st't';"sse cl.0 B, 8142 Ui tikon-waidegg
I'f'it.
who are 'personally known to us.
Zurich, this 18 Oei 1988
No. ,'I.!:J;:lur /u..
Fee Fr. 'j(J,-
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APOS'MllE
(Convention de I. Hay~ '(juS octobre 1961)
1. Land: SChweizerische.,EidgenosSenSchaft, Kanton Zurich
Country: Swiss C6nfederation, Canton of Zurich
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